Accounting & Tax HelpAdvanced Tax Law
Advanced federal tax concepts for complex individual and business situations
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$297.00
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About this course
Advanced Tax Law is designed for students and tax professionals who are ready to move beyond basic tax preparation into more complex federal tax concepts and business transactions.
The course explores advanced individual and business taxation, including partnership and S corporation basis, shareholder and partner transactions, capital gains and losses, passive activity rules, depreciation recapture, business dispositions, multi-state considerations, and complex tax compliance issues.
Students will learn how different transactions affect taxable income, basis, deductions, distributions, gains and losses, and reporting requirements across multiple tax forms.
The course also emphasizes research, documentation, tax-return analysis, and recognizing situations that require additional professional review.
By the end of the course, students should be better prepared to analyze complex tax situations, identify potential reporting issues, and understand how advanced tax rules interact across individual and business returns.
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Curriculum
- 015m
Lesson 1: Partnership Taxation, Capital Accounts, and Partner Basis
Learn how partnership taxation works, how partnership income and deductions flow through to partners, how capital accounts differ from tax basis, and how partner basis affects distributions, losses, and other tax consequences.
- 025m
Lesson 2: S Corporation Shareholder Basis, Distributions, and Loss Limitations
Learn how S corporation shareholder basis is calculated, how stock and debt basis affect loss deductions, how distributions are taxed, and how suspended losses and basis limitations are tracked over time.
- 035m
Lesson 3: C Corporation Taxation, Dividends, and Shareholder Transactions
Learn how C corporations are taxed, how corporate income differs from shareholder income, how dividends and shareholder transactions are treated, and how loans, compensation, and distributions can create additional tax consequences.
- 045m
Lesson 4: Capital Gains, Capital Losses, and Holding Period Rules
Learn how capital gains and losses are calculated, how short-term and long-term holding periods affect tax treatment, how capital loss limitations and carryovers work, and how the character of a transaction can change the tax result.
- 055m
Lesson 5: Business Property Sales, Section 1231, and Depreciation Recapture
Learn how sales of business property are taxed, how Section 1231 can produce favorable capital gain treatment, how depreciation recapture can convert part of a gain to ordinary income, and how to analyze gains and losses on depreciable business assets.
- 065m
Lesson 6: Installment Sales, Like-Kind Exchanges, and Complex Property Transactions
Learn how installment sales and like-kind exchanges can affect the timing of taxable gain, how basis and replacement property rules work, and how complex property transactions involving debt, related parties, and deferred payments are analyzed for federal tax purposes.
- 075m
Lesson 7: Passive Activity Loss Rules and At-Risk Limitations
Learn how the passive activity loss rules and at-risk limitations restrict certain business and rental losses, how material participation affects loss treatment, and how suspended losses may become deductible in future years.
- 085m
Lesson 8: Net Operating Losses, Business Loss Limitations, and Carryovers
Learn how net operating losses are created, how business loss limitations affect individual taxpayers, how unused losses are carried forward, and how multiple limitation rules interact when a business reports significant losses.
- 095m
Lesson 9: Related-Party Transactions, Constructive Ownership, and Special Limitations
Learn how federal tax law treats transactions between related parties, how constructive ownership rules can expand who is considered related, and how special rules may limit losses, alter income recognition, or recharacterize transactions.
- 105m
Lesson 10: Multi-State Taxation, Nexus, and Business Filing Considerations
Learn how multi-state business activity can create income tax, sales tax, payroll, and registration obligations, how nexus is established, and how businesses should analyze filing requirements when operating across state lines.
- 115m
Lesson 11: Advanced Tax Research, IRS Guidance, and Resolving Complex Tax Positions
Learn how to research complex federal tax issues using authoritative sources, evaluate IRS guidance and court decisions, document tax positions, and determine when additional disclosure or professional review may be required.
- 125m
Lesson 12: Comprehensive Advanced Tax Case Study and Return Analysis
Apply the advanced tax concepts from this course to a comprehensive business and individual tax case involving entity taxation, basis, property transactions, loss limitations, related parties, multi-state activity, and complex tax reporting decisions.